It's a "sea of red," said Ian Nakamoto, director of research
at MacDougall, MacDougall & MacTier "mainly driven by what's
going on in the U.S. I mean, U.S. retail sales were
disappointing."

U.S. retail sales rose less than expected in October amid a
surprise decline in automobile purchases, suggesting a slowdown
in consumer spending.

The most influential movers on the index were Toronto-
Dominion Bank, which fell 1.2 percent to C$53.39, and Royal Bank
of Canada, which declined 1.4 percent to C$73.91, while the
heavyweight financials group fell 1.0 percent.

"The banks would like to have a steeper yield curve," said
Nakamoto, adding also that "people are questioning the credit
quality of the loans," as well as "the loan growth, which is
also a sign of economic weakness."

Bombardier fell 2.9 percent. On Thursday, Prime
Minister Justin Trudeau said that when the government decides
whether to give aid to the aircraft maker, it will take into
account any possible trade challenge that might arise as a
result.
Continued...